FTTTx INCOME TAX – penalty under TMA s 95 – whether ebay and PayPal documents provided to accountant – whether difference between negligence and carelessness – whether negligent – record-keeping requirements in TMA s 12B considered – whether finding of negligence precludes a ‘reasonable excuse’ defence – whether penalty should be capped at 30% in line with the new Sch 24 penalties for carelessness – level of co-operation and disclosure, consideration of gravity – 40% penalty upheld
[2014] UKFTT 1021 (TC)
Bailii
Taxes Management Act 1970 95
England and Wales
Income Tax
Updated: 23 December 2021; Ref: scu.539021
